by Stainless steel crowns are prefabricated full metal crowns that are used to restore heavily decayed, injured or diseased primary (baby) teeth in children. When a primary tooth is severely decayed or damaged, it is difficult to do a regular filling and stainless steel crowns provide a conservative treatment option to restore the tooth structure. Stainless steel crowns are superior to tooth colored composite or amalgam fillings as they fully encase the tooth, provide excellent aesthetic appeal, cover extensive areas of tooth structure loss and protect the restored tooth from future decay.
The global Stainless Crowns Market is estimated to be valued at US$ 1.3 billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the Stainless Crowns Market Trend is the increasing adoption of zirconia crowns. Zirconia crowns are gaining popularity over stainless steel crowns as they offer excellent aesthetic properties similar to natural tooth structure and are very durable. Zirconia crowns are made from zirconium dioxide, a highly biocompatible ceramic material. They provide good strength and resistance to wear and corrosion, and can withstand heavy biting forces well. The translucent property of zirconia crowns allows for a very realistic shine and appearance. The increasing aesthetics consciousness coupled with growing preference for tooth-colored restorations is contributing to the growing demand for zirconia crowns over traditional stainless steel crowns.
Porter’s Analysis
Threat of new entrants: The threat of new players entering the stainless crowns market is moderate. High capital requirements and established industry players make market entry challenging for new players.
Bargaining power of buyers: The bargaining power of buyers in the stainless crowns market is moderate. The availability of alternative treatment options provides buyers with some bargaining power.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the availability of substitute raw materials and established supply networks of existing players.
Threat of new substitutes: The threat of new substitutes is low as stainless crowns offer unique advantages over other dental restorative procedures and materials.
Competitive rivalry: The competitive rivalry in the stainless crowns market is high due to the presence of numerous global and regional players offering similar products. Manufacturers focus on product quality and innovation to gain an edge.
Key Takeaways
The Global Stainless Crowns Market Trend is expected to witness high growth
Regional analysis: North America is expected to hold the largest share of the global stainless crowns market during the forecast period. Factors such as growing geriatric population, rising dental tourism, and increasing disposable incomes are expected to drive market growth in the region.
Key players: Key players operating in the stainless crowns market are Nasco, Simulaids Inc., Simulab Corporation, Mentice AB, Limbs & Things, Kyoto Kagaku Co. Ltd., Laerdal, Canadian Aviation Electronics, 3D Systems, Gaumard Scientific Company Inc., among others. The market is consolidated with the top players holding a significant revenue share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
